Faruqi & Faruqi, LLP Announces Investigation into Possible Breaches of Fiduciary Duties by the Board of AboveNet, Inc. in Con...
20 Marzo 2012 - 1:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of AboveNet, Inc. (“AboveNet” or the “Company”) (NYSE:
ABVT) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Zayo Group, LLC
in a transaction valued at about $2.2 billion. Under the terms of
the proposed transaction, AboveNet shareholders will receive $84.00
in cash for each share of AboveNet common stock they own, while
according to Yahoo! Finance, at least one financial analyst has set
a price target of $86.00 for AboveNet.
Request more information now by clicking here:
www.faruqilaw.com/ABVT. There is no cost or obligation to you.
Whether AboveNet’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues
AboveNet’s shares and by how much this proposed transaction
undervalues the Company to the detriment of AboveNet’s shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in AboveNet and wish to obtain
additional information and protect your investment free of charge,
please visit us at www.faruqilaw.com/ABVT or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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